Ask.com , announced on its blog Tuesday  that it is getting out of the search business. The company announced that it will be closing its offices in Edison, N.J. and Hangzhou, China eliminating about 1/3 of its work force. The company is switching gears and will focus on building out its online question-and-answer service and outsourcing all other search to "multiple third party … [Read more...]

Tucows reported earnings for quarter ending September 30, 2010, after the market closed today. Net revenue for the third quarter of 2010 increased 3.5% to $21.2 million from $20.5 million for the third quarter of 2009. Net income for the third quarter of 2010 was $1.1 million, or $0.02 per share, compared with net income of $5.2 million, or $0.08 per share, for the third quarter of … [Read more...]

As our PPC revenues continue to decline, today comes the news that Google is going to give everyone of their 23,000+ employees at least a 10% raise come January 1, 2011. According to the BusinessInsider.com, not only will every Google employee receive a raise but each will receive a Tax Free $1,000 end of year bonus. Tax free in that Google will pay the taxes that each employee would owe on … [Read more...]

Today's news that Quinstreet has bought yet another category killer insurance domain, this time CarInsurance.com for $49.7 million. Within the last year Quinstreet has spent over $100 Million Dollars in insurance domains (sites), with this purchase added to the acquisition of Insurance.com and Insure.com. Yet despite having acquired the premiere Internet properties in the insurance space, … [Read more...]

Verisign reported earnings after the market closed today. VeriSign, Inc. reported revenue of $173 million from continuing operations for the 3rd quarter of 2010, up 2% from the prior quarter and up 10% from the same quarter in 2009. VeriSign reported net income of $785 million or $4.48 per share for the 3rdquarter of 2010, reflecting a net gain of $737 million, net of tax of $244 million, on … [Read more...]

After the stock market closed today, Yahoo reported its earnings for the quarter ended September 30, 2010. Revenue was $1,601 million for the third quarter of 2010, a 2% increase from the third quarter of 2009. Income from operations for the third quarter of 2010 was $189 million, an increase of 107%. Excluding restructuring charges of $17 million in the third … [Read more...]

After the stock market closed today Google reported that it profits for the 3rd Q 2010 blowing away the projections and causing the stock to rise almost 10% in after hours trading. Revenues jumped 23% to $7.3 billion, from $5.94 billion last year. Net income was up 18% to $2.2 billion Google said it earned $7.64 per share, while Analysts forecasted earnings of $6.69 per share. Net … [Read more...]